Quarterly Views from First Eagle Global Value Team: 4Q25

Agree to this attestation

Asia Pacific

Important Disclosure for Singaporean Accredited Investors

Information displayed on this website is only directed at “Institutional Investors” (within the meaning of the Singapore Securities and Futures Act) and is not suitable for individual investors. If you are uncertain about whether you are an Institutional Investor under the laws of Singapore, then you should consult your legal adviser.

By selecting “Agree to this attestation” below, you confirm that if you are accessing this website from Singapore, you qualify as an “Institutional Investor” (within the meaning of the Singapore Securities and Futures Act).

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Rest of World

Agree to this attestation

Europe

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which the funds and advisory products and services are authorised for sale. By proceeding, you are confirming you understand that none of First Eagle Investment Management, LLC (“FEIM”) or its subsidiaries (collectively with FEIM, “First Eagle”) makes any representation that the content of the website is appropriate for use in all locations, or that the transactions, securities, products, instruments or services discussed on this website are available or appropriate for sale or use in all jurisdictions or countries, or by all investors or counterparties.

This website is operated by FEIM. This section of the website is only directed at UK/EEA professional investors (within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018) and is not suitable for individual investors, as this section of the website contains information on certain advisory products and services. If you are an individual investor, please leave this section of the website immediately.

This website contains information about the First Eagle Funds (Ireland) ICAV, certain funds of which have been notified for marketing in certain EEA jurisdictions under Directive 2009/65/EC (the UCITS Directive) and the UK national private placement regime, as applicable, and are available for public distribution to professional investors. It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. Certain of the funds and advisory products and services referenced on this website may be managed or offered/provided by subsidiaries of FEIM, certain of which may be registered or otherwise licensed to conduct business in the relevant jurisdiction. Additionally, certain of the funds described in the following pages may be marketed in certain jurisdictions only.

The contents of this website have been prepared for informational purposes only without regard to the investment objectives, financial situation, or means of any particular person or entity, and First Eagle is not soliciting any action based upon them. No information included on this website is to be construed as investment advice or as a recommendation or a representation about the suitability or appropriateness of any fund or advisory product or service; or an offer to buy or sell, or the solicitation of an offer to buy or sell, any security, financial product, or instrument; or to participate in any particular trading strategy. First Eagle recommends that you seek independent financial and tax advice before making any investment decisions. Investment in any of the funds described on this website should only be made on the basis of the terms and conditions of the most recent applicable offering documents (including any relevant supplements). Investment in any of the advisory products or services described in this website should only be made on the basis of the terms and conditions of the related investment management agreement.

All material has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. Some of the content on this website may contain certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. From time to time, First Eagle may also make additional features available to users on this website on such terms and conditions as may be set forth in a modification to this attestation or otherwise on the First Eagle website.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which the funds and advisory products and services are authorised for sale. By proceeding, you are confirming you understand that First Eagle Investment Management, LLC or its affiliates (collectively, “First Eagle Investment Management”) makes no representation that the content of the website is appropriate for use in all locations, or that the transactions, securities, products, instruments or services discussed on this website are available or appropriate for sale or use in all jurisdictions or countries, or by all investors or counterparties.

This website is operated by First Eagle Investment Management. This section of the website is only directed at non-US and non-UK/EEA regulated financial professionals and is not suitable for individual investors, as this section of the website contains information on certain advisory products and services. If you are an individual investor, please leave this section of the website immediately.

It is your responsibility to be aware of and to observe all applicable laws and regulations of any relevant jurisdiction. Certain of the funds and advisory products and services referenced on this website may be managed or offered/provided by affiliates of First Eagle Investment Management, certain of which may be registered or otherwise licensed to conduct business in the relevant jurisdiction. Additionally, certain of the funds described in the following pages may be marketed in certain jurisdictions only.

The contents of this website have been prepared for informational purposes only without regard to the investment objectives, financial situation, or means of any particular person or entity, and First Eagle Investment Management is not soliciting any action based upon them. No information included on this website is to be construed as investment advice or as a recommendation or a representation about the suitability or appropriateness of any fund or advisory product or service; or an offer to buy or sell, or the solicitation of an offer to buy or sell, any security, financial product, or instrument; or to participate in any particular trading strategy. First Eagle Investment Management recommends that you seek independent financial and tax advice before making any investment decisions. Investment in any of the funds described in this website should only be made on the basis of the terms and conditions of the most recent applicable offering documents (including any relevant supplements). Investment in any of the advisory products or services described in this website should only be made on the basis of the terms and conditions of the related investment management agreement.

All material has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. Some of the content on this website may contain certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. From time to time, First Eagle Investment Management may also make additional features available to users on this website on such terms and conditions as may be set forth in a modification to this Agreement or otherwise on the First Eagle Investment Management website.

By selecting “Agree to this attestation” below, you confirm that:

You are a regulated financial professional investor in your jurisdiction; and
You fall outside the scope of any law that seeks to regulate financial promotions both in the country of your residence and in the country in which you are viewing the website, therefore by accessing this website you will not contravene or cause First Eagle Investment Management to contravene any such law.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which the funds and advisory products and services are authorised for sale. By proceeding, you are confirming you understand that First Eagle Investment Management, LLC or its affiliates (collectively, “First Eagle Investment Management”) makes no representation that the content of the website is appropriate for use in all locations, or that the transactions, securities, products, instruments or services discussed on this website are available or appropriate for sale or use in all jurisdictions or countries, or by all investors or counterparties.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy

Agree to this attestation

Sweden

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for Swiss Regulated Financial Professionals

This website is operated by FEIM. This section of the website is only directed at Swiss investors and is not suitable for investors outside of Switzerland, as this section of the website contains information on certain advisory products and services. If you are located outside of Switzerland, please leave this section of the website immediately.

This website contains information about the First Eagle Funds (Ireland) ICAV, certain funds of which have been registered for marketing in Switzerland with the Swiss Financial Market Supervisory Authority (FINMA) pursuant to Article 120 Collective Investment Services Act (CISA) and are available for public distribution. It is your responsibility to be aware of and to observe all applicable laws and regulations of Switzerland. Certain of the funds and advisory products and services referenced on this website may be managed or offered/provided by subsidiaries of FEIM, certain of which may be registered or otherwise licensed to conduct business in Switzerland.

The representative and paying agent in Switzerland is NPB Neue Privat Bank AG and copies of relevant documentation may be obtained free of charge from the representative in Switzerland.

By selecting “Agree to this attestation” below, you confirm that you are accessing this website from Switzerland and are a Swiss investor.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which certain funds and advisory products and services are authorised for sale. By proceeding, you are confirming you understand that none of First Eagle Investment Management, LLC (“FEIM”) or its subsidiaries (collectively with FEIM, “First Eagle”) makes any representation that the content of the website is appropriate for use in all locations, or that the transactions, securities, products, instruments or services discussed on this website are available or appropriate for sale or use in all jurisdictions or countries, or by all investors or counterparties.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Napier Park Global Capital Ltd is required by the FCA to disclose certain information. Please click the link for further information: MifidPru 8, Stewardship Code and Shareholder Rights

Agree to this attestation

There are no options available based on the page access restrictions.

Individual Investors

For individual investors and current shareholders

Americas

Agree to this attestation

Rest of World

Agree to this attestation

There are no options available based on the page access restrictions.

Institutional Investors

For institutional investors and investment consultants

Institutional Investors

Americas

This content is exclusively intended for institutional clients and consultants. By selecting “I agree” below, you confirm that you are an institutional investor or consultant to an institutional investor.

I agree

Asia Pacific

Australia

Important Disclosure for Australian Wholesale Investors

Information displayed on this website is only directed at Australian “wholesale” investors (within the meaning of Section 761G of the Corporations Act 2001) and is not suitable for individual investors, as this website contains information on certain advisory products and services. If you are uncertain about whether you are a wholesale investor under the laws of Australia, then you should consult your legal adviser.

By selecting “Agree to this attestation” below, you confirm that if you are accessing this website from Australia, you qualify as a “wholesale” investor (within the meaning of Section 761G of the Corporations Act 2001).

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Japan

Important Disclosure for Japanese Qualified Institutional Investors

Information displayed on this website is only directed at Japanese “qualified institutional investors” (within the meaning of the Financial Instruments and Exchange Act) and is not suitable for individual investors, as this section of the website contains information on certain advisory products and services. If you are uncertain about whether you are a qualified institutional investor under the laws of Japan, then you should consult your legal adviser.

By selecting “Agree to this attestation” below, you confirm that if you are accessing this website from Japan, you qualify as a “qualified institutional investor” (within the meaning of the Financial Instruments and Exchange Act).

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for Singaporean Accredited Investors

Information displayed on this website is only directed at “accredited investors” (within the meaning of the Singapore Securities and Futures Act) and is not suitable for individual investors. If you are uncertain about whether you are an accredited investor under the laws of Singapore, then you should consult your legal adviser.

By selecting “Agree to this attestation” below, you confirm that if you are accessing this website from Singapore, you qualify as an “accredited investor” (within the meaning of the Singapore Securities and Futures Act).

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

South Korea

Important Disclosure for South Korean Designated Professional Investors

Information displayed on this website is only directed at South Korean designated professional investors (within the meaning of the Korean Financial Investment Services and Capital Markets Act) and is not suitable for individual investors, as this website contains information on certain advisory products and services. If you are uncertain about whether you are a designated professional investor under the laws of South Korea then you should consult your legal adviser.

By selecting “Agree to this attestation” below, you confirm that if you are accessing this website from South Korea, you qualify as a designated professional investor (within the meaning of the Korean Financial Investment Services and Capital Markets Act).

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Taiwan

Important Disclosure for Taiwanese Professional Investors

Information displayed on this website is only directed at Taiwanese professional investors (within the meaning of the Taiwanese Securities Investment Trust and Consulting Law, the Futures Trading Law or the Trust Enterprise Law) and is not suitable for individual investors, as this website contains information on certain advisory products and services. If you are uncertain about whether you are a professional investor under the laws of Taiwan, then you should consult your legal adviser.

By selecting “Agree to this attestation” below, you confirm that if you are accessing this website from Taiwan, you qualify as a professional investor (within the meaning of the Taiwanese Securities Investment Trust and Consulting Law, the Futures Trading Law or the Trust Enterprise Law).

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Rest of World

Agree to this attestation

Europe

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Denmark

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Finland

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for Non-US Professional Investors

Important Disclosure for Swiss Qualified Investors.

Information displayed on this website is only directed at Swiss “qualified investors” (within the meaning of the Swiss Federal Financial Services Act) and is not suitable for individual investors, as this website contains information on certain advisory products and services. If you are uncertain about whether you are a qualified investor under the laws of Switzerland, then you should consult your legal adviser. By selecting “Agree to this attestation” below, you confirm that you are accessing this website from Switzerland, you qualify as a qualified investor (within the meaning of the Swiss Federal Financial Services Act). We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

By selecting “Agree to this attestation” below, you confirm that if you are accessing this website from Switzerland, you qualify as a qualified investor (within the meaning of the Swiss Federal Financial Services Act).

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Napier Park Global Capital, Ltd is required by the FCA to disclose certain information. Please click the link for further information: MifidPru 8, Stewardship Code and Shareholder Rights

Agree to this attestation

There are no options available based on the page access restrictions.

FINRA's BrokerCheck
Contact Us
Account Access
Saved Content

First Eagle Investments

Products
Products
MegaMenu
Products Cascade Nav

Overview
Pricing & Performance

SGENX | Global Fund
SGOVX | Overseas Fund
FEVAX | U.S. Fund
FEFAX | Rising Dividend Fund
FEBAX | Global Balanced Fund
FESAX | Small Cap Opportunity Fund
FEMAX | U.S. Smid Cap Opportunity Fund
FEHAX | High Yield Municipal Fund
FDUAX | Short Duration High Yield Municipal Fund
FPMAX | Core Plus Municipal Fund
FERAX | Global Real Assets Fund
SGGDX | Gold Fund
FEGE | Global Equity ETF
FEOE | Overseas Equity ETF
USFE | US Equity ETF
FEMD | Mid Cap Equity ETF
FECAX | Credit Opportunities Fund
FERLX | Real Estate Debt Fund
FTAIX | Tactical Municipal Opportunities Fund
Overseas ADR SMA
Global SMA
U.S. Small Cap SMA
Core Municipal SMA
Core Plus Municipal SMA
Global Equity CIT
Small Cap Opportunity CIT
FEPCF | First Eagle Private Credit Fund
US Equity
Small Cap Fund
Small-Mid Cap Fund
Mid Cap Fund
Large Cap Fund
Select Fund
International Equity
International Fund
Fixed Income
Core Bond Fund
Core Plus Bond Fund
Securitized Total Return Fund
Short Duration Securitized Bond Fund
Alternative Equity
Long-Short Fund
US Equity
Small Cap CIT
Small-Mid Cap CIT
Mid Cap CIT
Large Cap CIT
Large Cap Concentrated CIT
Select CIT
International Equity
International CIT
Fixed Income
Core Bond CIT
Alternative Credit
Securitized Credit Fund
US Equity
Large Cap Concentrated ETF
US Equity
Large Cap
Large Cap Concentrated
Select
Insights
Insights
MegaMenu
Our Insights

Macro & Market Views

Municipal Bond Market Overview: 1Q26

May 14, 2026

Media Interviews

Prudent Investing in Perilous Times with Matt McLennan

May 12, 2026

Macro & Market Views

The HALO effect

May 08, 2026

Macro & Market Views

May Views from First Eagle Global Value Team

May 07, 2026

All Insights

Subscribe
Blog
Blog
MegaMenu
Equities

Bright Beacons for Small Caps

Jun 16, 2026

Fixed Income

Taxable Fixed Income Markets Update: May 2026

Jun 11, 2026

Fixed Income

AI’s Securitized Footprint: The Data Center Boom

Jun 09, 2026

Equities

The New Normal: AI Growth in an Inflationary World

Jun 04, 2026

View All
The Bird's Eye View

Subscribe
Documents & Resources
Documents & Resources
MegaMenu
Applications & Forms
Minimum Investments
Fees & Expenses
Tax Information
Fund Holdings
Proxy Voting
XBRL Filings
About Us
About Us
MegaMenu
Overview
Investment Culture
Engagement and Inclusion
Corporate Social Responsibility
Our People and Teams
News
Careers
Contact Us

Select an Investor Type & then a Country

Financial Professionals

Financial Professionals include financial advisors, RIAs, retail wholesalers, wirehouses, etc.

Financial Professionals

Americas

Agree to this attestation

Asia Pacific

Important Disclosure for Singaporean Accredited Investors

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Rest of World

Agree to this attestation

Europe

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which the funds and advisory products and services are authorised for sale. By proceeding, you are confirming you understand that First Eagle Investment Management, LLC or its affiliates (collectively, “First Eagle Investment Management”) makes no representation that the content of the website is appropriate for use in all locations, or that the transactions, securities, products, instruments or services discussed on this website are available or appropriate for sale or use in all jurisdictions or countries, or by all investors or counterparties.

The contents of this website have been prepared for informational purposes only without regard to the investment objectives, financial situation, or means of any particular person or entity, and First Eagle Investment Management is not soliciting any action based upon them. No information included on this website is to be construed as investment advice or as a recommendation or a representation about the suitability or appropriateness of any fund or advisory product or service; or an offer to buy or sell, or the solicitation of an offer to buy or sell, any security, financial product, or instrument; or to participate in any particular trading strategy. First Eagle Investment Management recommends that you seek independent financial and tax advice before making any investment decisions. Investment in any of the funds described in this website should only be made on the basis of the terms and conditions of the most recent applicable offering documents (including any relevant supplements). Investment in any of the advisory products or services described in this website should only be made on the basis of the terms and conditions of the related investment management agreement.

All material has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. Some of the content on this website may contain certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. From time to time, First Eagle Investment Management may also make additional features available to users on this website on such terms and conditions as may be set forth in a modification to this Agreement or otherwise on the First Eagle Investment Management website.

By selecting “Agree to this attestation” below, you confirm that:

You are a regulated financial professional investor in your jurisdiction; and
You fall outside the scope of any law that seeks to regulate financial promotions both in the country of your residence and in the country in which you are viewing the website, therefore by accessing this website you will not contravene or cause First Eagle Investment Management to contravene any such law.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which the funds and advisory products and services are authorised for sale. By proceeding, you are confirming you understand that First Eagle Investment Management, LLC or its affiliates (collectively, “First Eagle Investment Management”) makes no representation that the content of the website is appropriate for use in all locations, or that the transactions, securities, products, instruments or services discussed on this website are available or appropriate for sale or use in all jurisdictions or countries, or by all investors or counterparties.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy

Agree to this attestation

Sweden

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for Swiss Regulated Financial Professionals

The representative and paying agent in Switzerland is NPB Neue Privat Bank AG and copies of relevant documentation may be obtained free of charge from the representative in Switzerland.

By selecting “Agree to this attestation” below, you confirm that you are accessing this website from Switzerland and are a Swiss investor.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Napier Park Global Capital Ltd is required by the FCA to disclose certain information. Please click the link for further information: MifidPru 8, Stewardship Code and Shareholder Rights

Agree to this attestation

There are no options available based on the page access restrictions.

Individual Investors

For individual investors and current shareholders

Americas

Agree to this attestation

Rest of World

Agree to this attestation

There are no options available based on the page access restrictions.

Institutional Investors

For institutional investors and investment consultants

Institutional Investors

Americas

I agree

Asia Pacific

Important Disclosure for Australian Wholesale Investors

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Japan

Important Disclosure for Japanese Qualified Institutional Investors

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for Singaporean Accredited Investors

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

South Korea

Important Disclosure for South Korean Designated Professional Investors

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Taiwan

Important Disclosure for Taiwanese Professional Investors

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Rest of World

Agree to this attestation

Europe

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Denmark

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Finland

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for Non-US Professional Investors

Important Disclosure for Swiss Qualified Investors.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Napier Park Global Capital, Ltd is required by the FCA to disclose certain information. Please click the link for further information: MifidPru 8, Stewardship Code and Shareholder Rights

Agree to this attestation

There are no options available based on the page access restrictions.

FINRA's BrokerCheck
Contact Us
Account Access
Saved Content

All Insights

Share Share
LinkedIn
Email
Print Print
Save Save

Macro & Market Views

Quarterly Views from First Eagle Global Value Team: 4Q25

Dec 22, 2025

Share Share
LinkedIn
Email
Print Print
Save Save

Related Products

Related Insights

Macro & Market Views

Quarterly Views from First Eagle Global Value Team: 3Q25

Oct 09, 2025

See All Insights

Can Overseas Markets Extend Their Streak in 2026?

In this quarter's Views from the Global Value team, Portfolio Manager and Senior Research Analyst Adrian Jones explains why he believes investors are embracing opportunities beyond the US as secular forces provide durable support for fundamentals in Europe and Asia, and how the direction of US interest rates and the US dollar may influence returns in 2026.

Related Products

Related Insights

Macro & Market Views

Quarterly Views from First Eagle Global Value Team: 3Q25

Oct 09, 2025

See All Insights

Related Insights

Macro & Market Views

Quarterly Views from First Eagle Global Value Team: 3Q25

Oct 09, 2025

See All Insights

Site Resources

Select User Type
Products

About Us
Insights
- Market & Topical Perspectives
Resources

CONTACT US
CAREERS
PRESS & NEWS

Terms
Privacy Notice
Notice About WhatsApp
UK Tax Strategy
Business Continuity
Accessibility Statement
Transparency in Coverage
Complaint Handling Policy for FEIM Ltd
Global Value Team Responsible Investment Guidelines

test

Select an Investor Type & then a Country

Financial Professionals

Financial Professionals include financial advisors, RIAs, retail wholesalers, wirehouses, etc.

Financial Professionals

Americas

Agree to this attestation

Asia Pacific

Important Disclosure for Singaporean Accredited Investors

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Rest of World

Agree to this attestation

Europe

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which the funds and advisory products and services are authorised for sale. By proceeding, you are confirming you understand that First Eagle Investment Management, LLC or its affiliates (collectively, “First Eagle Investment Management”) makes no representation that the content of the website is appropriate for use in all locations, or that the transactions, securities, products, instruments or services discussed on this website are available or appropriate for sale or use in all jurisdictions or countries, or by all investors or counterparties.

The contents of this website have been prepared for informational purposes only without regard to the investment objectives, financial situation, or means of any particular person or entity, and First Eagle Investment Management is not soliciting any action based upon them. No information included on this website is to be construed as investment advice or as a recommendation or a representation about the suitability or appropriateness of any fund or advisory product or service; or an offer to buy or sell, or the solicitation of an offer to buy or sell, any security, financial product, or instrument; or to participate in any particular trading strategy. First Eagle Investment Management recommends that you seek independent financial and tax advice before making any investment decisions. Investment in any of the funds described in this website should only be made on the basis of the terms and conditions of the most recent applicable offering documents (including any relevant supplements). Investment in any of the advisory products or services described in this website should only be made on the basis of the terms and conditions of the related investment management agreement.

All material has been obtained from sources believed to be reliable, but its accuracy is not guaranteed. Some of the content on this website may contain certain statements that may be deemed forward-looking statements. Please note that any such statements are not guarantees of any future performance and actual results or developments may differ materially from those projected. From time to time, First Eagle Investment Management may also make additional features available to users on this website on such terms and conditions as may be set forth in a modification to this Agreement or otherwise on the First Eagle Investment Management website.

By selecting “Agree to this attestation” below, you confirm that:

You are a regulated financial professional investor in your jurisdiction; and
You fall outside the scope of any law that seeks to regulate financial promotions both in the country of your residence and in the country in which you are viewing the website, therefore by accessing this website you will not contravene or cause First Eagle Investment Management to contravene any such law.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

Please read this page before proceeding, as it explains certain restrictions imposed by law on the distribution of this information and the countries in which the funds and advisory products and services are authorised for sale. By proceeding, you are confirming you understand that First Eagle Investment Management, LLC or its affiliates (collectively, “First Eagle Investment Management”) makes no representation that the content of the website is appropriate for use in all locations, or that the transactions, securities, products, instruments or services discussed on this website are available or appropriate for sale or use in all jurisdictions or countries, or by all investors or counterparties.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy

Agree to this attestation

Sweden

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a regulated financial professional within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for Swiss Regulated Financial Professionals

The representative and paying agent in Switzerland is NPB Neue Privat Bank AG and copies of relevant documentation may be obtained free of charge from the representative in Switzerland.

By selecting “Agree to this attestation” below, you confirm that you are accessing this website from Switzerland and are a Swiss investor.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Regulated Financial Professionals

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Napier Park Global Capital Ltd is required by the FCA to disclose certain information. Please click the link for further information: MifidPru 8, Stewardship Code and Shareholder Rights

Agree to this attestation

There are no options available based on the page access restrictions.

Individual Investors

For individual investors and current shareholders

Americas

Agree to this attestation

Rest of World

Agree to this attestation

There are no options available based on the page access restrictions.

Institutional Investors

For institutional investors and investment consultants

Institutional Investors

Americas

I agree

Asia Pacific

Important Disclosure for Australian Wholesale Investors

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Japan

Important Disclosure for Japanese Qualified Institutional Investors

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for Singaporean Accredited Investors

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

South Korea

Important Disclosure for South Korean Designated Professional Investors

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Taiwan

Important Disclosure for Taiwanese Professional Investors

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Rest of World

Agree to this attestation

Europe

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Denmark

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Finland

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for Non-US Professional Investors

Important Disclosure for Swiss Qualified Investors.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Agree to this attestation

Important Disclosure for UK/EEA Professional Investors

The material on this website is for professional investors only.

By selecting “Agree to this attestation” below, you confirm that:

If you are accessing this website from the UK or the EEA, you are a professional investor within the meaning of Directive 2014/65/EU or Directive 2014/65/EU as it forms part of United Kingdom law pursuant to the European Union (Withdrawal) Act 2018 and the Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018; and
If you are accessing this website from the UK, you qualify as a person having professional experience in matters relating to investments under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “FPO”), and/or as a high net worth body corporate, partnership, unincorporated association or trust falling within Article 49 of the FPO.

We use cookies to improve your experience on our website. To accept cookies, click Accept. For more information, visit the EU Privacy Policy.

Napier Park Global Capital, Ltd is required by the FCA to disclose certain information. Please click the link for further information: MifidPru 8, Stewardship Code and Shareholder Rights

Agree to this attestation